RIO DE JANEIRO, BRAZIL – President Jair Bolsonaro confirmed on Monday night, September 16th, that Petrobras will maintain the price of gasoline, despite the surge in the value of crude oil after the attacks on refineries in Saudi Arabia, which occurred over the weekend.
Petrobras will retain the price of gasoline, despite the surge in the value of oil after the attacks on refineries in Saudi Arabia.
Bolsonaro said in an interview with RecordTV, who discussed the matter with the president of the state-owned company, Roberto Castello Branco.
Bolsonaro said that the inevitable trend would be to follow the international price, which “would come to the refinery, to the pump, at the end of the day”. “The federal government has already zeroed the CIDE federal tax (Contribution for Intervention in the Economic Domain).
“We can not demand anything from governors regarding ICMS (Tax on the Circulation of Goods and Services),” said the president. “But I have spoken with the president of Petrobras and he said that, as this is something atypical and sui generis, he should not change the price of fuel,” said Bolsonaro.
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Petroleo Brasileiro Petrobras
NYSE: PBRPETR4EnergyOil & Gas Integrated43,199 employees
$135.20B
Market cap
Analyst target $22.95
Wall Street view
4.4Buy/ 5
11 Buy3 Hold0 Sell
Avg. price target $22.95 · +29% vs 200-day
Valuation & profitability
Market cap$135.20B
Revenue (TTM)$548.49B
P / E ratio5.3
Profit margin24.3%
Return on equity30.3%
Price & risk
52-wk low $10.6552-wk high $21.99
Beta (volatility)-0.21
200-day average$17.83
Revenue trend · 6y
20202025
Latest $88.10B
Ownership
Institutions22.3%
Shares outstanding3.72B
Top holderGQG Partners LLC
Institutional holders5+ funds
Dividend
Yield17.6%
Payout ratio28.3%
Fwd. annual$1.68
What Petroleo Brasileiro Petrobras does. Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces…
